With $120.5 billion m-cap, TCS valued more than IBM

June 12, 2019
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News Desk

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News

MUMBAI: Homegrown technology services major Tata Consultancy Services (TCS) on Monday overtook IBM, one of the global technology majors, in terms of market capitalisation. At close of Monday’s trade, TCS’s market capitalisation was $120.5 billion (Rs 8.37 lakh crore), while in early trade in New York, IBM was at $119.6 billion, translating into Rs 8.32 lakh crore, BSE and Bloomberg data showed.

Incidentally, on Monday, TCS also pipped Reliance Industries (Rs 8.36 lakh crore), to take the top spot among the most valued Indian companies, BSE data showed.